BOCA RATON, FL (Boca Post) (Copyright © 2026) — Boca Raton City Council is scheduled to consider an economic development incentive agreement that would authorize up to $90,000 in city payments tied to the relocation of a corporate headquarters and the creation of new jobs in the city.
The item appears as Resolution No. 010-2026 on the Feb. 10, 2026 City Council agenda under the consent agenda section. The meeting is set for 6 p.m. Consent agenda items are typically approved together in a single vote unless a council member requests that an item be pulled for separate discussion.
The resolution would approve Concorde Holdings, Inc. as a qualified applicant for incentives and authorize payments of up to $90,000, subject to performance requirements outlined in an economic development agreement between the company and the city.
Concorde Holdings, Inc. is the parent company of Concorde Investment Services, LLC, a national securities broker-dealer registered with the Financial Industry Regulatory Authority to solicit securities products in all 50 states and several U.S. territories. The company structure also includes Concorde Asset Management, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission, and Concorde Insurance Agency, Inc.
According to the agenda materials, the company’s corporate headquarters is currently located in Michigan, and Boca Raton is being considered as a new headquarters location.
Under the proposed agreement, the city’s incentives are tied to job creation and retention rather than paid upfront. The company would be required to create at least 30 new jobs associated with a new facility in the City of Boca Raton and retain those positions for a minimum of three years from the date each job is created.
The agreement also establishes wage requirements. The newly created jobs must meet an average annual salary threshold of at least $89,095 during the retention period. City incentives are capped at $3,000 per job, with a maximum total payout of $90,000.
If fewer than 30 qualifying jobs are created and retained, the agreement provides for a prorated incentive payment. If more than 30 jobs are created, the total incentive remains capped at $90,000.
The documents describe the proposed headquarters relocation as involving a capital investment of approximately $922,000 tied to the expansion. The agreement also specifies how jobs are counted. Positions may include remote employees, provided their primary residence is within Palm Beach, Broward, or Miami-Dade counties.
The term of the agreement is six years. During that period, Concorde Holdings would be required to submit documentation to the city verifying compliance with the job creation, wage, and retention requirements before any incentive payments are issued. The agreement also includes termination provisions allowing either party to end the agreement for cause, subject to notice requirements.
Resolution No. 010-2026 is one of several items listed on the Feb. 10 consent agenda, alongside resolutions related to infrastructure work, election administration, and emergency repairs. Public comment is permitted on consent agenda items before the council votes.
For residents tracking the issue, the immediate decision point is whether the resolution remains on the consent agenda or is pulled for discussion. Any city payments would occur only after the company meets the job and retention benchmarks outlined in the agreement.
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